Remain dedicated to your objectives and keep learning as you go, regardless of whether your emphasis is home hacking for passive income, using the BRRRR approach to generate wealth, or flipping houses for rapid cash.Please feel free to join in conversations and ask questions on BiggerPockets—the community has a plethora of expertise. 

@Yang ZengYour situation presents a common dilemma for real estate investors: deciding between investing locally where you might be more familiar with the market but face high property prices, or exploring out-of-state opportunities where properties may be more affordable but come with their own set of challenges.Here are some considerations:Risk Tolerance: Take into account your degree of comfort and risk tolerance while managing properties remotely.Objectives: Specify your investing objectives, including cash flow, appreciation, or a combination of the two.Market study: To fully grasp the development potential, employment opportunities, and rental demand of prospective out-of-state markets, do in-depth market study.Hybrid Strategy: Another option is to choose a hybrid strategy, where you invest in a combination of local properties for stability and simpler management, and you set aside some of your portfolio for out-of-state properties for diversity.Before making a decision, it's essential to consult with real estate professionals, conduct in-depth market research, and possibly network with local investors in the markets you're interested in.Remember, there's no one-size-fits-all answer, and the best strategy depends on your financial goals, risk tolerance, and personal preferences.

To make sure your investment is in line with your overall financial objectives, you should also consider speaking with a financial counsellor and getting guidance from seasoned real estate specialists.Good luck!

It’s important to figure out your goals and objectives, and then that will ultimately give you a few areas that you can narrow it down to.

That inherently defeats the objective of this if you're trying to get that "above average" appreciation via speculation.I digress from this thread.

As you and I mentioned, it's normal for investors and agents to have different perspectives given our very different "roles" and objectives.

Set Clear Goals: Define your objectives in real estate investment clearly.

It’s important to figure out your goals and objectives, and then that will ultimately give you a few areas that you can narrow it down to.

Maybe take a breather, reassess your goals, and explore other investment options that align better with your risk tolerance and financial objectives.

Additionally, thoroughly research the local real estate market, economic conditions, and renter demand to make an informed decision about whether the condo purchase aligns with your investment objectives.